Databricks raised $1.6 bn to expand engineering team

Databricks, a data analytics platform that uses artificial intelligence, has raised $1.6 billion to expand its engineering team.
Dollar spending on technology
The latest funding round was led by Morgan Stanley Investment Management’s investment arm Counterpoint Global.

Databricks in February raised $1 billion in a funding round led by Franklin Templeton. Silicon Valley’s venture capital heavyweight Andreessen Horowitz led several earlier funding rounds and the company’s investors include Amazon Web Services, Office of the Chief Investment Officer of the Regents of the University of California, Tiger Global Management.

San Francisco-based Databricks offers a software platform in the cloud that companies can use to analyze data.